×
194
Fashion Jobs
L'OREAL GROUP
Senior Manager - Marketing (Matrix - Hair Care), Ppd
Permanent · Mumbai
ADIDAS
Manager - Finance Operations fp&a
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE
Logistics Manager - Garments Manufacturing
Permanent · Ahmedabad
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
NEWELL
sr. Sap Basis Offshore Administrator
Permanent · CHENNAI
LEVI'S
Senior Analyst- Opentext Solution & App Security
Permanent · Bengaluru
COLUMBIA SPORTSWEAR COMPANY
Total Rewards Experience Partner - Asia
Permanent · BENGALURU
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE
Maintenance Manager / Mechanic - Sewing Machine - Garment Industry
Permanent · Ahmedabad
ADIDAS
Asst. Manager-Ctc Sportswear And Training Footwear, Brand Adidas
Permanent · GURUGRAM
LEVI'S
Process Improvement Manager
Permanent · Bengaluru
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
ADIDAS
Senior Specialist - Finance Operations D2C
Permanent · CHENNAI
L'OREAL GROUP
Senior Manager - Marketing (Matrix - Hair Color), Ppd
Permanent · Mumbai
L'OREAL GROUP
Marketing Manager, Luxury
Permanent · Mumbai
L'OREAL GROUP
Area Sales Manager - Cpd - Delhi / Ncr
Permanent · New Delhi
HULIGEMMA CONSULTANCY SERVICE
Hiring For Production Manager Must From Garments Industry
Permanent · Bengaluru
COLUMBIA SPORTSWEAR COMPANY
Indirect Accounts Payable Specialist-ii
Permanent · BENGALURU
ASSORT STAFFING SERVICES
Area Sales Manager | Chennai | Only 7+ Yrs in Apparels Apply
Permanent · Chennai
ADIDAS
Senior Specialist - Finance Operations fp&a
Permanent · CHENNAI
ADIDAS
Senior Manager HR Data
Permanent · CHENNAI
By
AFP
Published
Jan 17, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L’Occitane group sells off Le Couvent des Minimes

By
AFP
Published
Jan 17, 2017

The L’Occitane group has sold Le Couvent des Minimes, its subsidiary brand specialized in cologne and natural cosmetics, to business group HLD partnered with Filorga and SVR laboratories.



Couvent des Minimes (Facebook)


Details concerning the amount of the transaction, announced Tuesday, were not disclosed.
Created in 2004 within the L’Occitane group, Le Couvent des Minimes has an annual turnover of approximately ten million euros, a source close to the issue said to AFP.

L’Occitane CEO Reinold Geiger justified the sale remarking that ‘(it) will allow us to focus our marketing investments and the work of our teams on our most important brands,’ such as L’Occitane en Provence, Melvita and Erborian.

Evaluated on the Hong Kong stock market, L’Occitane had an annual revenue of 1.28 billion euros (1.37 billion U.S. dollars) for the fiscal year of 2015/2016 (+8.9% over the year).

The group has a strong presence in Asia and the United States in particular, with France representing only 8% of its global sales.

As such, Le Couvent des Minimes makes half its sales figures in France and the products are essentially distributed in pharmacies and perfumeries, in contrast to the big names labels of L’Occitane, which are mainly sold via its own-brand stores internationally.

Selective distribution is, however, the commercial model of Filorga and SVR, the French hub for dermo-cosmetics and anti-aging cream, which has undergone strong development in the past ten years in competition with the HLD group.

With the integration of Le Couvent des Minimes, which will be able to benefit from a presence in 85 countries, from synergetic business relationships and from significant production, Filorga and SVR hope to reach a turnover of approximately 200 million euros, said a source close to the matter.
 

Copyright © 2023 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.